tag:blogger.com,1999:blog-7877664024876060773.post4060935279106983547..comments2024-01-15T07:50:45.762-05:00Comments on AmericaSpeakOn.org: Short-Term Gain for Long-Term PainAmericaSpeakOn.orghttp://www.blogger.com/profile/07600535580321059501noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7877664024876060773.post-90361715800783211172009-03-19T09:34:00.000-04:002009-03-19T09:34:00.000-04:00What's VERY disconcerting are the two executives a...What's VERY disconcerting are the two executives at CITIBANK who have been identified so far who bought millions of dollars of Citibank shares just 2 days before CEO Vikram Pandit announced that Citi was turning a profit in Jan and Feb of 2009. Have these people NOT heard of insider trading? Why are these earnings not being stripped. Frankly, the uptick in Citibank's price as well as the market in general in the last week is based on hype, delusion and desperation because there has been no fundamental change in the underlying toxic assets at Citi or any other bank that caused this financial meltdown. So, if the media and desperation can float the market high enough, there's short term money to be made, but frankly, it's the kind of illusory value and prosperity that Americans have too long filled their 401k's and counted their paper gains as real. Until we have serious changes and a Treasury rescue plan, this is all overleveraged hype! Kimberly WilcoxAnonymousnoreply@blogger.com